Vladimir Ilyich Lenin

NOTEBOOK “β”

SECURITY STATISTICS

“InternationalStatistics of Securities andStockIssues” by Dr. Zimmermann,Bank Archiv,1912, July 1.

Statistics of “transferable securities”, according to  International Statistical InstituteBulletins(Alfred Ney-marck).

Infrancs(000 million francs)

January 1, 1897—446,300 million.

The figures in brackets = an attempt to deduct over lapping and repetitions (about 2/3 of the previous figure) (p. 301) (“securities actually existing in trade or in the possession of individual states”).

See p.68of thisnotebook.[1]

[1]See p. 147 of this volume.—Ed.

[2]See pp. 147-49 of this volume.—Ed.

[3]See present edition, Vol. 22, p. 239.—Ed.

[4]Lenin used these data inImperialism, the Highest Stage of Capitalism(see present edition, Vol. 22, pp. 239-40). In theNotebooksthe world total of securities, 815,000 million francs, is given for 1911, and inImperialism, for 1910. Lenin took the figure from Zimmermann’s “International Statistics of Securities and Stock Issues”, which cites as its source a survey by Alfred Neymarck, who gives the figure as referring to January 1, 1911. p. 95